Brought to you by Quest Offshore & Southern Cone Consultants
Even as Mexico’s president and Pemex’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller. Pemex called the Quesqui deposit -- which is believed to contain 500 million barrels of proven, probable and possible, or 3P reserves -- the most important... Continue Reading →
December 9, 2019 – Petróleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P S.A., a subsidiary of Petrorecôncavo S.A.... Continue Reading →
Mexican state oil company Pemex said on Friday it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years. Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability. The... Continue Reading →
December 3, 2019 Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure stage, referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Petrobras holds a 50% stake in each of the blocks, in partnership with Cowan Petróleo e Gás, which is the... Continue Reading →
December 3, 2019 – Petróleo Brasileiro S.A. - Petrobras, following up on the release dated on 09/30/2019 and 10/15/2019, reports on the beginning of the binding phase regarding the sale of its interests in eight onshore exploratory blocks located in the Recôncavo Basin. Qualified parties for this phase will receive process letters with instructions on... Continue Reading →
December 2, 2019 – Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure stage, referring to the sale of its interest in the onshore fields of Dó-Ré-Mi and Rabo Branco, belonging to the BT-SEAL-13 Concession, located in the SergipeAlagoas Basin. The teaser, which contains key information about the opportunity, as well... Continue Reading →
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
Nov 29, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the inclusion of another 173 exploration blocks and the Juruá field, as an area of marginal accumulation, in the Permanent Offer of areas that can be contracted by the concession model. - There will then be 740 blocks, 497 on land... Continue Reading →
NOV 28, 2019 Although pre-salt is the crown jewel of Brazil's oil sector, the government is preparing a set of new measures to also stimulate onshore areas. The goal is to almost double production over the next ten years in these fields from 270,000 barrels of oil equivalent daily to 500,000 barrels of oil equivalent... Continue Reading →
Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday. The major shift to deep offshore areas will correspond with onshore exploration and production falling to 10% of Petrobras' activities... Continue Reading →
